CrediPrestar

In order to promote access to financing resources through the use of information and communication technologies, the need was identified to create an application that would bring microcredit users closer to these technologies and facilitate and streamline the processes. process between the request, study and approval of small amounts of credit resources.

The initial objective is to create an application that allows systematizing the applicant's information, and providing immediate information, performing a credit simulation according to the conditions offered by CORFAS.

Our APP uses the information to provide mobile credits with the following conditions:

CREDIPRESTAR APPLICATION PARAMETERS

1) Amounts of minimum $200,000/maximum $1,000,000
2) Installments from 3 to 6 months
3) Administration (4.5%) It is paid once. It is paid in the first installment
4) Technology (5%) You pay once. It is paid in the first installment
5) Loan interest (2%), 2% monthly month in arrears equivalent to 26.82% Annual
6) Monthly Insurance (0.08%), 0.08 per million
7) Our Maximum Annual Percentage Rate (APR) is 26.82%

EXAMPLE

AMOUNT TO REQUEST $1,000,000
Number of Quotas 6
Administration (4.5%) Paid once
Technology(5%) Pay once
Insurance (0.08%) Pay once

Example of monthly installments, credit of $1,000,000 paid in 6 installments

Month Capital Interests Admin Tech Insurance Value Monthly Couta
1 $158,525 $20,000 $45,000 $50,000 $133 $273,658
2 $161,696 $16,829 $0 $0 $133 $178,658
3 $164,930 $13,595 $0 $0 $133 $178,658
4 $168,229 $10,296. $0 $0 $133 $178,658
5 $171,593 $6,932 $0 $0 133 $178,658
6 $175,027 $3,498 $0 $0 $133 $178,658

Total administrative costs $95,798
Total interest $71,150
Total paid $1,166,948